Answer:
$125,000
Explanation:
Given that,
Variable manufacturing overhead rate = $5.00 per direct labor hour
Budgeted direct labor cost = $20 per hour
Total budgeted fixed overhead = $25,000 per month
Total budgeted direct labor hours = 20,000
Total budgeted manufacturing overhead for July:
= Variable manufacturing overhead + Fixed manufacturing overhead
= (Budgeted direct labor hours × Variable overhead rate) + $25,000
= (20,000 × $5) + $25,000
= $100,000 + $25,000
= $125,000
Answer:
net income is 2.7 million
Explanation:
given data
beginning of year decrease = $1.5 million
dividend = $4.2 million
to find out
net income
solution
we know that here relation that is
net income + Beginning retained earning - dividend = Ending retained earning
so here Beginning retained earning - Ending retained earning = $1.5 million
so
Beginning retained earning - Ending retained earning = dividend - net income
put here value so net income will be
1.5 = 4.2 - net income
net income = 4.2 - 1.5 = 2.7
net income is 2.7 million
<span>As people generally become apprehensive about investing and taking risks during recession, the interest rates should be decreased in order to spur economic growth. Since the demand has decreased, the interest rates also need to decrease in order to stimulate the economy and not let it stagnate.</span>
Answer: False
Explanation:
The aim of the business is to ideally make a profit. As a result, Additional business should only be accepted if the incremental cost of doing so is less than the incremental revenue accrued from doing so.
If incremental revenue equals incremental cost, there is no point in engaging in the additional business as it brings no extra value to the business.
